EDC to talk about incentives during annual report meeting

SALISBURY — RowanWorks will present the agency’s annual report Thursday night, including an analysis of economic incentives paid to companies in exchange for jobs and investment.

The report will cover the past two years of economic development activity in Rowan County. RowanWorks Economic Development Commission will host the public event at 6:30 p.m. Thursday in the Gateway Building, 204 E. Innes St.


“We’ll focused on what we’ve accomplished and what we’re working on,” Executive Director Robert Van Geons said. “We will also include the most recent and best information on incentives and the return on investment.”

The presentation will cover performance metrics, retail expansion and marketing of the Rowan County Airport, Van Geons said. The audience will have the chance to ask questions.

The annual report will be available online.

Some Rowan County commissioners recently criticized the EDC for not supporting existing businesses. The city of Salisbury soon came to the defense of the EDC and Van Geons.

Pete Teague, EDC board chairman, listed these highlights that will be included in the annual report:

• Gildan Yarns is investing $43 million and will employ more than 200 people. The company bought the old PGT building.

• Henkel made an investment of $28 million, retained 81 jobs and added 108 when the company consolidated six plants to two in North America.

• Boral Composites invested $12.8 million and added 16 jobs in East Spencer.

• Tuscarora Yarns invested $6.3 million and created 124 new jobs in China Grove.

Contact reporter Emily Ford at 704-797-4264.

Notice about comments:

Salisburypost.com is pleased to offer readers the ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. Salisburypost.com cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not Salisburypost.com. If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website. Full terms and conditions can be read here.

Do not post the following:

  • Potentially libelous statements or damaging innuendo.
  • Obscene, explicit, or racist language.
  • Personal attacks, insults or threats.
  • The use of another person's real name to disguise your identity.
  • Comments unrelated to the story.